Space Summary
The Twitter Space ARYZE: Building stability in the fast moving world of DeFi hosted by arbitrum. ARYZE, as the core focus of the space, exemplifies the synergy between stability, security, and growth in the dynamic DeFi sector. By emphasizing decentralization and innovation, ARYZE contributes significantly to the evolution of DeFi through the enhancement of Arbitrum technologies, including Arbitrum One & Nova. Their commitment to secure and sustainable DeFi practices sets a benchmark for the industry, ensuring a reliable ecosystem amidst rapid changes. Through a blend of innovative solutions and a forward-thinking vision, ARYZE spearheads the development of secure DeFi environments while actively fostering growth and stability.
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Space Statistics
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Questions
Q: What is ARYZE's primary focus within the DeFi sector?
A: ARYZE prioritizes stability, decentralization, and security in their DeFi endeavors.
Q: How does ARYZE contribute to the growth of Arbitrum technologies?
A: ARYZE plays a key role in advancing technologies like Arbitrum One & Nova to enhance DeFi ecosystems.
Q: Why are decentralization and security crucial for ARYZE?
A: Decentralization and security are fundamental to ARYZE's mission to create a reliable and secure DeFi environment.
Q: What sets Arbitrum One & Nova apart in the DeFi space?
A: Arbitrum One & Nova are integral to ARYZE's commitment to innovation, stability, and growth in DeFi.
Q: How does ARYZE balance growth and stability in the DeFi industry?
A: ARYZE navigates the evolving DeFi landscape by driving growth while upholding stability and security.
Q: Why is ARYZE's approach significant for the DeFi sector?
A: ARYZE's dedication to stability, security, and growth sets a benchmark for sustainable DeFi solutions.
Q: What drives ARYZE's innovation in the DeFi space?
A: ARYZE's innovation stems from a deep commitment to advancing DeFi technologies and ensuring a secure ecosystem.
Q: How does ARYZE ensure the decentralization of DeFi platforms?
A: ARYZE incorporates decentralized principles to create reliable and secure DeFi platforms.
Q: What role does ARYZE play in the security of DeFi technologies?
A: ARYZE actively works towards enhancing security measures to safeguard DeFi ecosystems.
Q: What future developments can we expect from ARYZE in the DeFi industry?
A: ARYZE is likely to continue driving innovation and stability while contributing to the growth of DeFi technologies.
Highlights
Time: 05:12:03
ARYZE's Impact on DeFi Stability Exploring how ARYZE's initiatives influence stability within the fast-paced DeFi sector.
Time: 05:25:45
Decentralization in DeFi with ARYZE Understanding the role of decentralization in ARYZE's approach to DeFi security.
Time: 05:35:21
Advancements in Arbitrum Technologies Delving into the growth and innovation of Arbitrum One & Nova supported by ARYZE.
Time: 05:45:10
ARYZE's Commitment to DeFi Security Highlighting ARYZE's dedication to fortifying the security measures of DeFi technologies.
Time: 05:55:30
Innovative Solutions by ARYZE Exploring the innovative approaches taken by ARYZE to address challenges in the DeFi industry.
Time: 06:05:18
ARYZE's Vision for DeFi Growth Discussing ARYZE's future outlook on driving growth while maintaining stability in DeFi platforms.
Time: 06:15:40
Creating Secure DeFi Environments Examining how ARYZE ensures the creation of secure and decentralized DeFi ecosystems.
Time: 06:25:22
ARYZE's Contribution to DeFi Innovation Highlighting ARYZE's role in fostering innovation and technological advancements in DeFi.
Time: 06:35:17
Sustainable DeFi Practices by ARYZE Exploring the sustainable practices implemented by ARYZE to promote growth and stability in DeFi.
Time: 06:45:55
ARYZE's Impact on DeFi Ecosystems Analyzing how ARYZE influences the broader DeFi landscape through their technological advancements.
Key Takeaways
- ARYZE focuses on building stability within the fast-paced DeFi environment.
- Decentralization and security are core principles of ARYZE's approach.
- The growth of Arbitrum technologies plays a vital role in enhancing DeFi ecosystems.
- Understanding the significance of Arbitrum One & Nova in the DeFi space.
- ARYZE is dedicated to ensuring a secure and decentralized DeFi landscape.
- The importance of fostering growth while maintaining stability in the DeFi sector.
- Exploring how ARYZE contributes to the advancement of DeFi technologies like Arbitrum One & Nova.
- The need for reliable and secure DeFi solutions in a rapidly evolving industry.
- ARYZE's commitment to driving innovation and security in the DeFi sphere.
- The intersection of stability, decentralization, and growth in ARYZE's DeFi initiatives.
Behind the Mic
Technical Difficulties
It. Can you guys hear me? Jack, I think you're muted. Jack, do you want to rejoin the space? I think he's fixing it. Hello, everybody. Give it a minute. He would be there. Sorry. All good. All good. And pleasure to be here. Yeah. Thanks for coming on and joining us. No problem. Thank you for having us today. We have Jack with us, our CEO. He will be ready in a second. Just let me help him.
Connection Issues
Okay. He's saying that he's speaking, but that something wrong with this beta. Give it a second. He will log off and join in again. Okay. Can you hear him? No, I can't either, but. But I think you would jump off and jump in again. Yeah, that's what I suggested. Yes. Yeah. Jack, feel free to jump off and come back on. It might be a bug from x. It always happens. All right. Jack. Hello? Something. Yep, I can hear you. Really? It's working. Yep. You're good.
Ongoing Audio Challenges
Oh, man. I. I don't know what's going on here. I've never had a successful space thus far without our audio issues. Try both on my phone and my Mac, and both of them had issues. Yeah, it. Honestly, it just. It just happens. It happens to everybody. Okay on here, so. Yeah, no worries about that. But, Jack, appreciate you for joining us today. I know you guys recently announced the e assets, which is pretty cool to see that it's live on arbitrum now.
Excitement Over New Developments
Yeah, it's really exciting, and I'm super happy to be on this space and. And get to connect with you guys and the community and big fan of arbitrum, and super happy to now support it with our assets, especially e gold. I'm super hyped about the gold stuff we're going to do. Yeah, yeah. I'm really hyped for that as well. And, you know, before we jump into, like, the nitty gritty, Jack, do you want to give us, like, an overview of what you're building here and. Yeah, just, you know, walk us through the humble beginnings and where you guys are at right now.
Company Overview
Well, I'll. I'll start with where we are right now, and then we'll kind of. We could dive into the beginnings, because that's its own thing. Arise. We are a company that can tokenize real world assets. We started with cash, with creating a digital version of the euro, the dollar, and the pound. And we have since expanded to support more assets, first one being gold. This kind of ecosystem of tokens we call e assets. And we have these e euro, e dollar, e gold, and so on.
Unique Features of e Assets
We have a pretty cool and unique way of issuing these stable coins. We call them like next generation stable coins or gen two stable coins because they have some unique features that others in the space don't. Importantly, natively being cross chain, having forex or trading kind of build into the fabric of the token. So enabling gold to dollar trades without any slippage or dependencies on third party liquidity pools. So there's a bunch of nuances to our ecosystem and I'm very excited to dive into it.
Regulations and Compliance
We're a danish company, we are a meka compliant ecosystem developer. So everything we do is done by the book. We are a danish registered Vasp and we are a global company with our BVI based token issuance. I've been swimming in these waters for a decade. Got plenty of stuff that we can dive into, but that's the gist of arise. Awesome. Yeah, no, it's really cool to see you guys push the boundaries in this vertical, especially in RWAs, because I feel like this year alone in 2024, it's definitely becoming right now.
Growth in the RWA Ecosystem
It's at a really good stage in terms of growth. And yeah, I want to get your thoughts on it. What's the type of impact that you guys are looking to make in the RWA ecosystem? It's funny because before things were called RWAs or NFTs or CBDCs, there were still growth and development happening within these sectors.
Tokenization and Technological Maturity
Having been in crypto since 2013, I have seen tokenization projects for real estate, for gold, for artwork, in museums and stuff. I've seen tokenization of intellectual property rights and music rights. And what I see now unfolding is the realization of these ideas. Because technology has matured to such a degree that many of the things that were not quite there early on are really just a kind of service in a box solution. Now you can instantly deploy safe coins, you can instantly have interoperability because of existing protocols. And this has enabled the launch of many previous ideas and thoughts done both in old ways and new ways. Some companies have been at it for ten years like we have. Some are more recent. But what I would say from this is that RWAs tokenization of real world assets. That's been a part of the narrative since crypto started, but we are now seeing these things unfold in the same way as in 2018 2019.
The Evolution of Stable Coins
We saw stable coins unfold, but it was not a brand new idea. The idea of stable coins were as old as the idea of bitcoin, probably even older. And yeah, many amazing RWA projects around the world for arise, we focus on major reserve currencies and major assets within different verticals, such as commodities and metals. Eventually, we can expand into most types of RWAs that we can envision. And I'm personally very excited for the concept of basket currencies. Combining dollar, euro, pound, gold, silver, music rights, artwork, all kinds of different real world assets can become the foundation for future payment. Rails and future coins.
Global Adoption through Tokenization
Yeah, definitely. I feel like the best part about tokenizing, you have stable coins across different currencies is that it just opens up more adoption across the globe because it's more accessible. You can do things directly on your phone or on your computer. One of the big picture is that RWAs, it gives people more access and exposure to these assets than before. Right? You're absolutely right. And not only does it give access to these types of assets for people who previously did not have access, it does so in a way that's more efficient than what I, as a danish citizen with a danish passport, have access to.
The Barriers of Traditional Investment
So if I want to invest in gold, I need to get some kind of brokerage account, or either via the bank or a trading floor, or I have to and enter a tradfi realm requiring a lengthy onboarding process, tons of fees, tons of bank transfers in and out, so that I can invest in some form of gold. But tokenizing gold and making a token which is instantly fungible with rest of web, three tokens, well, that means you suddenly hold gold in metamask, and that's available for the 4 million people in the Philippines that uses metamask, or the many millions of people in Southeast Asia or Latin America that uses these types of wallets. And they can now interface with gold, or real estate, or oil, or dollars and euros and pounds in a safer, more efficient, and cheaper and faster way than I can being from the most digital country in the world, Denmark.
The Paradigm Shift in Accessibility
And that's an interesting paradigm shift. I don't think the world is ready to accept fully, perhaps doesn't comprehend the consequences of. Right, no, 100%. and yeah, I also think that. Right. It definitely helps with onboarding. Like, you mentioned that's honestly, like, one of the best examples, because, I feel like that's like, one of the main questions that people have, like, behind their heads is, like, how do you get exposure to these assets? Right. And people look up the process and they kind of get scared because you have to go through, you have to do multiple things.
Streamlining Access to Assets
There's multiple steps to do it. And now that we have blockchain technology and you have the right infrastructure, like Chainlink, for example, that's helping with the Oracle and price feeds. It's now possible to bring these assets on-chain and onboard masses, the masses to these types of assets. Right. And yeah, I think it's been really cool to see that. I agree. And one of the key enablers of financial inclusion, in my opinion, is not so much blockchain as a technology, but more mobile phones and people having smartphones and connectivity as step one, then often.
Mobile Technology as a Catalyst
Step two is often neo banks. Like in Southeast Asia, grab pay is really popular from the Philippines to Malaysia to Singapore. You can travel with it works cross currency. It's a very popular wallet app. In the same way in Denmark, nine out of ten phones have mobile pay installed on their phones. In the US, it might be Venmo or PayPal or cash app. So mobile phones and these types of EMI or emoney wallets or neo banks, they do play an important role. And with asset tokenization, one thing it enables is direct access.
Connecting with Existing Platforms
So the unbanked, the metamask users, the trust wallet users, sure, they can access these tools like they can access bitcoin or stablecoins, but the mass adoption is going to come when we integrate e gold into revolut and e gold into pics in Brazil or grab pay in the Philippines, because then you have existing users, mom and pop shops, and regular folks, regular individuals who have no understanding of crypto or cryptography, they can access these valuable assets. So it's a step by step process where you have to be in defi to be in c five, so that you can be in tradfi where regular folks often are.
Building Towards Financial Inclusion
That's my kind of hypothesis and analysis of how financial inclusion is going to turn out. Yeah, no, 100%. And what Wally said, that was a really great point. Yeah, I wanted to ask as well, like on your end and your team. Right? What inspired you guys to build arise? I know you mentioned that you've been in the ecosystem for a long time, right? And, yeah, I wanted to ask what inspired you guys to build arise? I got into bitcoin in 2013 and it was just kind of saw it, bought it, waited it out, and then suddenly it was worth more.
The Journey into Bitcoin and Beyond
And over a few months, I really started paying attention to bitcoin and the ecosystem behind bitcoin. It was quite small, and in Denmark it was even smaller. So I made a Facebook group trying to gather danish crypto enthusiasts and try to basically have somebody to talk to about these things. That group kind of grew, and in there I met a guy who was the acting CEO of a crypto in Denmark, where I asked if I could join them. I initially started as a marketing guy, and then I was a part of that company for several years and watched both the ecosystem grow and this company grow.
Lessons Learned and Innovations Made
They grew into becoming coinify, which still exists today. And in my years being a part of coinify and that ecosystem, I became head of innovation, running my own kind of innovation lab, where we just could build a bunch of cool stuff using crypto, like micro payments for online media, crowdfunding, solar panel investments in Africa, municipality projects with, I think they were called sustainia, like think tank projects, a bunch of stuff. The shared thing with all of them was that it was all very much tied into bitcoin and these early versions of crypto.
Realizing the Need for Stability
I don't think Ethereum was barely invented properly. So many of the things that we dealt with were built around bitcoin, adding, of course, the volatility of bitcoin. I learned that on the kind of hard way, trying to live one month only on bitcoin in 2015. So if I had kept those bitcoins from back then, you know, I would not be the proud owner of probably the world's most expensive tattoo or world's most expensive taxi ride. But what it taught me is the real world needs something stable, something they can utilize to pay in and receive payments in, something they can use to pay taxes in the real world, pay the real world taxi drivers.
The Concept of Digital Cash
And then the idea came of, why not just have a digital version of fiat, like digital cash? For the longest time, that's what we did. We called it digital cash because that's what were trying to do, to digitize cash. And then over the years, of course, we recognized we can digitize gold, we can digitize silver, we can digitize oil, trees, anything, essentially. And then the word RWA caught up. We were swimming in the RWA waters years before the word RWA was kind of expressed or popularized, but that's how it all started.
Reflecting on the Journey
Yeah. Me dealing with bitcoin, building a bunch of cool stuff, and then realizing the real world kind of needs something stable that it can understand. And now, some years later, here we are still standing with a suite of amazing tools, working with arbitrum, an amazing piece of technology with a great community, and, yeah, super excited to see what's to what's next and the growth of everything that we have built. Yeah, I'm really excited to see you guys help grow the arbitrum RWA ecosystem, or should I say digital assets.
Looking Ahead to Future Growth
But, yeah, it's amazing. Especially the story that you just mentioned of how you, like, ventured into bitcoin first, and then the whole idea of bringing other assets on chain for the world to have access to.
Introduction to the Mission
I think that's such an awesome mission. In a nutshell, it's awesome to see that. And I wanted to talk about on the infrastructure, you guys are using Chainlink, but I think an interesting thing as well is that you guys are also using reforge.
Using Chainlink and Reforge
Yes. Yeah. We started working quite early with Chainlink. Even, I think, earlier than their own kind of cross chain protocols and standards were deployed. And that was because we wanted to have a built in mechanism to do forex for e assets in the real world. You can go, if you open a revolut, you can convert between armenian drum to indian rupees to danish krona. You can convert most currencies in a forex system with stable coins. Often you have only dollar coins. And then when trading it, you need to swap in a liquidity pool with tons of liquidity in it, just kind of as deadweight. Just so you can make a swap between $1 coin to another, let alone €1 coin to a dollar.
Liquidity Challenges in Forex
I mean, that would. There's so little liquidity out there that slippage is huge. So we already knew that forex on chain was essential, and we also knew that cross chain interoperability was essential. We don't know what Maersk, the shipping company, wants to do with their settlement coin if they're doing it on ripple or concordium. We don't know what kind of rails they're utilizing. There are so many use cases in crypto that blockchains should support the different use cases. And we believe that money should work everywhere. A dollar, a euro, gold should work across the different chains.
The Importance of Support in the Space
So this led to, you know, of course, this is why we are ogs in this space that, you know, we have tons of amazing advisors and quality people and service providers around us to help solve these concerns and solve these issues. And what we invented is a mechanism inspired by anvil. When a smith, a goldsmith, or a metals worker is forging metals, how you hit on it with a hammer and you convert it from being one thing to another thing. And we said, well, if you bring in e dollars and you hit it hard enough, can we turn it into euros? That's basically what we invented on chain conversions built into the fabric of our e assets.
Innovations with E Assets
Now, we can utilize existing protocols, what Chainlink offers or what circle offers as a part of our interoperability play. But this native function of reforge is really, really badass, if I should say so myself. Not only does it offer conversions of current e assets, but arise offers stable coins as a service. If you guys want an arbitrum dollar or arb euro or british pounds or Arp coin backed by gold, we can deliver that. Heck, we will deliver that. Just let me know, we'll make it happen.
Service Offerings and Ecosystems
The point is that we can do stable coins as a service where you get fund management in a box, issuance in a box, treasury management and audits in a box, solvency in a box, removing all the issues of dealing or of deploying a stable coin yourselves. And these e assets are fungible from day one to an entire ecosystem of e assets. Because we can just burn and mint and burn and mint. This is essentially what happens. We can burn the ArP dollar and mint e dollars that you then trade to bitcoin.
Instant Interoperability
So you have instant interoperability for a newly developed stablecoin because you get it as a SaaS product from us, rather than having to invent the wheel yourself, grow liquidity yourself, and all the steps needed. Right? Yeah, no, that's really interesting. That's an interesting concept. And I also wanted touch on as well, like what are some use cases that this could bring?
Real-World Applications of E Assets
Right. I'm really curious to hear what are some ideas that you see coming out of this for users, but also like builders. In its raw form, as a digital dollar, digital euro, it is already now helping people in Latin America to access a hedge against inflation. It enables them to hold dollars and euros in a secure way where they otherwise would never have had access to investing in dollars or holding dollars. Many of these folks do not have proper government issued ids, proof of residency and these things.
Impacts of E Assets on Financial Accessibility
And already in its raw form, the e assets are helping real world people with accessing security. It also enables payments across the world. So you can receive payments from Europe to Brazil in a split second and use it as brazilian. Yes, in the local community. So safe access to holdings and spendings is amazing in itself. But it's step one.
Future Investments and Ecosystem Growth
Step two, I would say, are different types of investments, such as into gold, such as into real estate. And adding these types of rwas will make it so that the same type of unbanked individuals or underbanked individuals can now do more with their assets. Access yields, access investments. And this ecosystem growth will merge into tradfi and CFI via its grassroots focus on the people who actually need it.
Integration with Financial Systems
This is why I'm also very proud of our recent integration with not only arbitrum, but also with Linea, because they are the blockchain that metamask uses for the metamask card. And I'm very proud to say that were in process now with coincensus to integrate our e assets into the metamask card. So imagine going from being financially excluded to almost overnight, having dollar gold pound investments that you can spend with a payment card.
Innovation for Financial Inclusion
That's the kind of innovation the world needs around financial inclusion, not the treading of waters we're all doing since these sustainable development goals were released, what, a decade ago. I mean, it's not happening fast enough. So that's why we need blockchains and issuers like arise and web three at large, because it is an unparalleled pace of execution. This is what will save the world.
The Rapid Development of the Space
Yeah, yeah. I think what's really cool about this space is that, like, things are new, stuff are built overnight, and it's crazy how just that, like, really small one idea can really make a huge impact and inspire other builders to build alongside of it and, you know, just push the boundaries further, which is really sick to see. Right. But obviously, you know, that comes with like years of like, learning, that comes with years of experience learning from other builders and understanding the technology.
The Experience Behind Success
Right. From a developer point of view. So, yeah, it's pretty crazy how things could come out of the ash and born to like, fly in on board the masses, right? It's pretty crazy. There is, I don't know who said it, but I heard somewhere that it takes ten years to become an overnight success. You know what you don't see when you pay a DJ $100,000 to perform for 20 minutes is the 15 years that DJ has played around with music in his mom's basement building.
Persistence and Learning in the Space
The reason for him that he can charge 100k for a 20 minutes show. And many of these things unfolding now in web three are the things that have been brewing, the learnings from failures and hacks and instability issues. And this is. I mean, I think that this has been probably the most exciting time year after year in crypto. I don't see anything like slowing down.
Support for Developers in Web Three
On the contrary. And I would say to a shout out to the developer community. Being the backbone of everything that happens in web three, our goal has been like, make all these e assets kind of like modules where developers can essentially do what they want. If there is somebody out there with access to a trade finance company or a use case within shipping and logistics, you know, heck, make a liquid staking pool, a five way lp that rebases itself based on all these e assets.
Encouraging Innovation in the Market
Call it ship coin, probably not shipping coin is better. Call it shipping coin and then make a entire company based on that. You know, in the same way as everybody and their grandmas make AI companies based on chat. GPT, you know, you can do that with money.
Automated Rewards and Community Building
Make a reward, loyalty coin, gift card company, do something for automated kilowatt hour charging and settlements where electric vehicles can get automatically paid and do settlements. There are no limits. And the first step is join our telegram, have a chat with us. If we like you like us, you think you can add value? We'll make you an arise Viking. You know, we don't have angels or ambassadors. No, damn it, we're Vikings. We fight for what we want. And if you're ready to build something badass, you know, let's make you a Viking. Come into our academy and our ambassador program and help us help you. And that's the attitude that Arise has. We don't have all of these solutions all over the world, but we want to bring the tools so that people with ideas can build their own solutions.
Innovating with Arbitrum and Ecosystem Development
Yeah, no, I love that. And I think the same goes with arbitrum as well. Obviously, Arbitram built the tech to enable users that have a seamless experience using Ethereum with speed, with low gas cost, but for developers as well, to build really cool apps with DeFi, with gaming entities and et cetera, and experiment and build something cool or innovative in the ecosystem that can onboard the masses. The really cool part about building with arbitrum is that it's a win. You're building in an ecosystem that's very vibrant, very collaborative. Right? You have DeFi projects, like doing some really cool stuff together, and the support is cool across the board, not just from the off chain labs team and Arbitrum, but also you have the dao. The arbitram Dao is there. You have a whole load of builders that are building to push Ethereum to the masses. And I think this is like the perfect environment to do that. And yeah, it's going to be awesome seeing you guys continue to push the boundaries of real world assets to the world.
Creative Gaming Concepts and Real-World Applications
Man. I agree, and I think we're going to see exactly that. At token 2049, I made a game. I can't remember what the game was called, but it was a really cool game. And essentially you could mine, you know, gold or wood or collect rocks and different kind of things, right? And the idea that we came up with just on the spot was like, do an Easter egg hide ten e gold in your game. Like each e gold is backed by a gram of real gold at the purest four times nine purity in secure, regulated vaults. And then do like an Easter egg campaign where, you know, people can find gold nuggets that's actually backed by real gold. So this merging of in game currencies and nfts would reeled up real world assets. I think that's going to be really cool. Another concept were gold backed nfts. Imagine a jewelry company, let's say Tiffany's making an NFT of a bracelet, but in that you have proof that this consists of 15 grams of gold, this and this many grams of silver. So you have an NFT with actual tangible underlying value behind it, and then it could have any additional value, whatever its collectible value is.
Rise Tokenomics and Future Developments
One of the cool things we saw is gold coins like nfts backed by real gold. And for developers out there, really, the sky is the limit. You, until now, you have been able to build most things you wanted to using crypto and blockchain, and now you can combine it to the real brick and mortar world via our e assets. I'm super happy to have any chat with anyone building cool stuff in our community. Just jump in. Yeah. Where can people go if they have any questions? If you want to learn more or, you know, they have what it takes to become a viking or want to become one, where can they go? I think from here, the easiest will be that, you know, to join arise because we're tagged and stuff and it would be easy to find our twitter and our ex follow us on x because that, of course, always helps. But you got to find our telegram. It's just riseofficial. But if you need the link, you'll probably find it easiest in our. On our x.
Connecting with the Community and Future Planning
Speaking of our x, we just crossed 20k. Now we got 21k very rapidly. So I'm super hyped about our growth. Like last week we had like five k, so we're seeing great momentum. But yeah, there's a link tree. Click that and then you see our discord and our telegram. If you go in there, one of our other vikings will welcome you and we'll take it from there. Sweet. Well, Jack, appreciate the conversation. I think it was really awesome hearing your insights and thoughts about what's going on in the RWA ecosystem. And yeah, thanks for sharing about what you guys have been up to at arise. And yeah, super excited to see what's coming up next.
Launch of the Rise Token and Future Expectations
Thank you a lot for. For hosting this. And you know, my colleagues here would be super mad at me if I spent all of the times talking about our e asset and didn't mention rise token. Of course, we have the most interesting token that I have seen thus far in our space when it comes to a native coin. Our native rise token is what combines liquidity between e asset across multiple dexes. It is what we use to reward participation, meaning there is a buyback and burn mechanism built into our system. So half of the revenues that our company generates is used to buy back rise tokens, where half of this is then burned, making our token deflationary, and the other half is used for rewards and incentives for usage of rise and e assets. These components not only make rise deflationary, but it prevents us from running out of rise because we just keep on giving rewards.
Upcoming Token Sale and Community Engagement
Kind of like Celsius, for example, did. And our rise tokenomics are just now uploaded on our documentation page. We have set a date for the first ever public rise token sale, which is happening next week on the 21 October on Fuel Foundry. We are offering a portion of our max supply for the first time ever in a public sale. And following that we will list on exchanges. It's all described on the. You know, you'll find all the details on fuel, but essentially we're doing this first ever rise sale because we now have all these amazing products in the market and you can expect a token listing within a month and the first buybacks to commence following that. So the next quarter is going to be really interesting for horizon. I encourage people to. To follow us.
Conclusion and Closing Remarks
Sweet. Well, thank you, Jack, for coming through, joining us today. Really appreciate it. And yeah, to everyone listening in the audience, thanks again for coming through and hope everybody here has an awesome day. Take care. Likewise. Thank you. Take care.
